The Bank of Canada maintained the overnight rate at 5.0%, while stating that it will continue with quantitative tightening (QT). The Bank highlighted the slowing in economic momentum stating, “the economy has stalled since the middle of 2023 and growth will likely remain close to zero through the first quarter of 2024”. The Bank also […]
WTI oil price firmed on Monday and broke through psychological $70 barrier, where bulls were repeatedly capped last week. The price action moved within narrow consolidation in past few days, signaling that larger bulls remain firmly in play for final break higher. Mild initial market reaction on latest threats from President Trump about imposing secondary […]
The post WTI Oil Rises and on Growing Threats About New Tariffs and Potential Military Confrontation with Iran appeared first on Action Forex.
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